For Sale
$385,000

3045 State Road 8 Albion, IN 46701

Albion, IN Commercial Investment Opportunity

Overview

Added:
Feb 3
Days on market:
78
This exceptional commercial property presents a unique investment opportunity in Albion, Indiana. Situated on 0.84 acres, the property features a former restaurant building, previously operating as a lakeside establishment known as the Lake House restaurant. The sale includes all existing restaurant equipment, offered in "as-is" condition. This provides a blank canvas for a new culinary venture or the potential for repurposing the space for a different commercial use. The property's prime location on Skinner Lake in Noble County offers stunning views and high visibility, attracting potential customers and tenants. Adding significant value to this offering are six (6) mobile home properties currently generating rental income. This diversified income stream provides a stable return on investment, supplementing the potential revenue from the restaurant building. The property's size and existing infrastructure offer considerable flexibility for future development or expansion. This is a rare chance to acquire a multifaceted commercial property with significant income potential and a desirable lakeside location. The property is priced at $385,000 and is ready for a new owner to capitalize on its numerous possibilities. Serious inquiries are encouraged.

Property Details for 3045 State Road 8

Property type
Commercial real estate
Year Built
1950
Lot Size (sq. ft)
36,590 SF

Location Insight

City
Albion
County
Noble
State
Indiana
Latitude
41.3966
Longitude
-85.36603

FAQs

What type of property is this?
Commercial real estate - Albion, IN Commercial Investment Opportunity
Where is the commercial real estate located?
The property is located at 3045 State Road 8 Albion, IN.
What is the asking price?
The asking price for this property is $385,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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3045 State Road 8
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